Category: China

Toyota’s JV with GAC cuts about 1,000 jobs as Japanese carmakers fall behind in China’s EV sector

In June, NEV penetration rate was 58.8 percent for China's local car brands, 30.9 percent for luxury brands and just 3.7 percent for mainstream joint venture brands.

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Nio to offer single-motor model in sub-brand codenamed Alps, report says

Alps is one of Nio's most important cards for next year, and the EV maker is equipping it with a more flexible business strategy, as well as pouring almost all of its cutting-edge technology into it, local media said.

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